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MSNBC
Dec 3, 2012 7:00pm PST
raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with the former chief of staff said.
FOX News
Dec 3, 2012 11:00pm PST
of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that will get to rich. or broaden the base of the tax base. including more peo
MSNBC
Dec 4, 2012 2:00am PST
will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social security and medica
ABC
Dec 3, 2012 4:00am PST
but president obama may have to accept deeper spending cuts. only 18 days left. >> the messy art of compromise. tahman bradley live in washington. >>> and rivers are rising across northern california this morning after three powerful storms blow through in less than a week. the latest round of flooding rain drenched the area yesterday, knocking down giant trees and leaving nearly 100,000 people without power. high winds overturned tractor trailers. abc's cecilia vega shows us what it looked like in california wine country. >> reporter: this is a storm that slammed the west coast from washington all the way down to the san francisco bay area. and this, take a look at it, one of the hardest hit regions, vineyards all over napa valley under water right now. >> a much dryer day is on tap across northern california, but just after midnight, get this, a fourth storm moving in with even more heavy rain. >> no rest for the weary there. >>> also, a major storm overseas is causing a mess of epic proportions on some roads in russia. early season snow all but shut down one of the main routes between mosco
CNN
Dec 1, 2012 2:00pm PST
been evacuated from the area. >>> and lawmakers and president obama have exactly one month to cut a deal to avoid the so-called fiscal cliff. a huge package of tax hikes and spending cuts will kick in january one. they spent time blaming each other for not getting serious. in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastro
FOX News
Dec 3, 2012 7:00pm PST
for themselves. that is despite president obama's promise to cut the red tape. we're joined by a man from the meeting. tom, i take it this gentleman was not the only one who was distraught with fema, is that right? >> of course. almost everybody at that meeting has different issues with fema, whether you lost your whole house and you have flood insurance or you don't have flood insurance. you know, that's where they're at. some people lost half their house, cars, you know. there's a lot of discrepancy in how fema lets out the money, you know. i can tell you stories where people, i know two people who had the same amount of damage, and one person, and they live on the same type of concrete slab, foundation house, right. and one person's floor is not their living quarters because they had three floors and one person's floor is their living quarters because there's only two floors. that person got 2000. she had like 8 inches of water in her living roo room on the ft floor which causes a lot of damage because it soaks up to all the drywall, and this other person who it wasn't her living quart
CNBC
Dec 3, 2012 7:00pm EST
the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher rates it's capital gains. >> that's right. people start taking gains and hold on to what they have. that means capital is not put to work. in the early 1990s the economy was starting to get a real head of steam. not enough to save george h.w. bush but that slowed in '93 and '94. when republicans came in, cut spending, killed hilary care and alan greenspan had a sensible monetary policy, the economy started to recover and then clinton got the religion, he cut capital gains. >> steve is giving your man all these kudos and you're not taking them. >> two things first, larry, didn't president reagan raise the capital gains tax rate? >> in a tax reform plan he did. >> exactly. that's my point. was that class warfare when he did that? was that class warfare when he did that. >> re
FOX News
Dec 4, 2012 6:00am PST
obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple wa
KRON
Dec 3, 2012 5:00pm PST
. president obama wants to end tax cuts for americans making more than 250-thousand dollars a year. the bottom line -- lawmakers made no progress today on an agreement. >> mitt romney has a job again.. he's returning to the board of directors at marriott international hotel.... he's been on the board twice before - but left to run for political office. romney has kept a low profile since the election - spending his time with his family at their california home. the romney and marriott families are close -- in fact - willard mitt romney was named after the hotel's founder -- j. willard marriott... >> heavy fighting between rebel and government forces in syria. now there is concern that syria could plan on using chemical weapons against the rebels. obama is warmin mornin-that it should not happening. >> the use of chemical weapons. is and is totally unacceptable. and if you make the tragic mistake of using these weapons it there will be consequences and you will be held accountable >> the united nations is withdrawing its international staff from syria because of the obvious security problems.
ABC
Dec 3, 2012 5:30pm PST
through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on winter break a week from friday, so really there are only 11 days to work out a plan as of now, diane. >> talk about the clock ticking down. thanks so much, jake. >>> and, of course, the president also spoke out
FOX News
Dec 3, 2012 10:00am PST
obama has proposed $4 billion in spending cuts. possibly medicare savings at some point. that was in his budget he proposed but didn't get any support from even some democrats in the senate. but i don't know where the extra money comes from. what are your thoughts about the 400 billion that the president proposed? >> the 400 billion is a constant moving target. the president hasn't nailed down where this money is going to come from for sure. but remember what he told republicans last week? you make the decision on taxes for us and then we will talk about spending in january. it's his way or the highway. the president has done more negotiating a bookstore here in washington, and bite enact hostility virginia, that he is done up done up on the hill. he really wants to make a bargain for the american people, don't look for bargains for yourself. get up to the hill, cobble leaders to the white house. the president had one meeting and promised a meeting that never occurred. if the president was serious about this crisis, which everyone believes it is a crisis, then why isn't he leading? white
Current
Dec 5, 2012 3:00am PST
immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after t
FOX Business
Dec 3, 2012 9:20am EST
raising taxes not cutting spending. tax everything. but there are rich people who will avoid the obama tax increases the board of directors at costco will get a huge tax windfall by paying themselves a big dividend this year. and jim senegal, charlie monger, bill gates' father all on the board in favor of taxing the rich, really? and the debate on guns front and center. that murder-suicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. all right, everybody, monday morning, "varney & company" about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what haens, which isn't rocketcience. it's just common sense, from td ameritrade. well, having a ton olocations doesn't hurt. a sant
CBS
Dec 3, 2012 4:00am PST
off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was fl
FOX News
Dec 1, 2012 10:00am PST
the so-called fiscal cliff. congressional republicans firing back now amid claims by president obama that some g.o.p. lawmakers are holding middle class tax cuts hostage. and senator orrin hatch accusing the president of pulling a bait and switch. listen. >> the the president said he wants a so-called balanced approach to solve this crisis, but what he proposed this week was a classic bait and switch on the american people, a tax increase double the size of what he campaigned on. billions of dollars in this stimulus spending and unlimited unchecked authority to borrow from the chinese. maybe i missed it, but i don't believe him asking for any of that during the presidential campai campaign. >> jamie: well, the developments are wii by the hour and our steve centanni is covering all of them. good to see you. >> you, too, jamie. one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for ever
FOX
Dec 4, 2012 5:00pm PST
's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this new video. the t
FOX News
Dec 4, 2012 12:00am PST
to cut spending. >> there has to be a mutual compromise. that's what a settlement s. >> obama is going for it all. >> why shouldn't he? >> she is right. >> he has no actual reason why raising taxes will help the economy, number one, and we know whether you cut taxes or raise taxes, you are always going to spend. >> i am not agreeing with his policies. don't misunderstand me. what i am saying is this is a negotiation and he is coming in with everything. where is he going to go? is onlo come down. the gop will have to come up. somewhere we hope they meet in the middle. >> he doesn't have to come down though. i agree with compromise. i would say 51% voted for this. you know what, go ahead. it is like having a teenager that you keep telling, vegetables are good for you and they keep kicking your shins saying, i am not eating the vegetables. finally i say, eat twinkies until you die. >> you can't because twinkies have been eliminated. >> someone is going to buy them. >> last word to you, bill. >> geitner says this is going to happen, but we have to go through a little political theater. the
MSNBC
Dec 3, 2012 8:00am PST
of state chiefs one day after a tragic murder/suicide. big question for you. should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that are an excellent source of fiber try great grains banana nut crunch and cranberry almond crunch. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the w
FOX News
Dec 4, 2012 3:00am PST
obama and think it should be spending cuts. 41 percent of the people who said yes, mr. president, i want you to have a second term that they think it is the most important thing to do to have spending cuts which doesn't appear to be part of the plans he put forward. >> brian: couple of things before we go to a break. i think david brooks is a conservative times, they are going to have to raise rates. 35-39 . i think if the democrats want to give this plenty there for them to mesh theirr beliefs into this. i think this is something you negotiate off of and septemberor ken conrad. get in helicopters and fly to camp david and hammer it out over the weekend . negotiate it. >> gretchen: they did it two -- we spent taxpayer money for simpson-bowls and nothing happened . so here we go again. >> steve: perhaps they will layy the ground work for the fiscal cliff that is loomming in three weekings. tick, tick. >> gretchen: unless anyone has a phone stuck in their lining. i am okay. >> brian: i am okay. >> steve: oh, viseen. no problem. >> gretchen: i have two scissors. exclusive report in the new
FOX News
Dec 3, 2012 3:00am PST
obama and really american people don't want to see middle class americans pay additional 2000 in taxes n which is what will happen in addition to cuts to programs . we want to cut and the american people want to see cut. there is it a few things. first more americans would blame the republicans and not president obama if we went off of the fiscal cliff. that is a motivation. >> brian: yeah. >> gretchen: ron, why do they feel that way? >> brian:ip totally agree with you. looking at polls and say republicans will get blamed and so why not runuss off of the cliff. >> republicans should have their own plan. the majority of americans in exit polls have said we should balance and ask the wealthiest to pay more. >> gretchen: wait, wait, wait, wait, wait. ron. that's not true. nothing is going to be balanced with talks that i heard about. >> brian: absolutely not. >> the only pending cuts is for war spending and stan tan and iraq. >> that is six billion in health care. >> we need more to save our generation and we shouldn't tax people give our generation jobs. can i please talk about how our gen
FOX
Dec 2, 2012 5:00pm PST
today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other
MSNBC
Dec 3, 2012 8:00pm PST
revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that should happen. we can't afford those tax rates. that's the deep, tragic lesson of the last decade. we can't afford t
CNN
Dec 3, 2012 11:00am PST
president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white hous
ABC
Dec 4, 2012 1:40am PST
for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white house. >> that's scary, 11 days. fellows you sit up there until it gets wrapp
CNN
Dec 6, 2012 6:00am PST
. in case you forgot the former senator is one half of the simpson bowles duo appointed by president obama who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're about a year away from it being makarena. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and s
MSNBC
Dec 6, 2012 2:00am PST
of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington.
CNN
Dec 5, 2012 4:00am PST
, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept w
CNN
Dec 5, 2012 2:00am PST
in today for john berman. >> and i'm zoraida sambolin. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over
CNN
Dec 3, 2012 6:00am PST
. president obama laid out his plan. $1.6 trillion and taxes on the rich and $400 billion in cuts. republicans say they're, well, flabbergasted. and today grover norquist, who is against any tax increase, has an idea. if you want to know who's negotiating in good faith, put it on tv. >> it's the president who's threatening to raise taxes on the middle class if he doesn't stomp his feet and fwet his way. he should get into a room with c-span cameras there so instead of hearing rhetoric like this, let's hear it in front of c-span cameras. if the republicans being reasonable, we'll see that. if they're not, we'll see that. got to have cameras in that room. >> i personally love c-span as do cnn contributors l.z. granderson and will cain. welcome to both of you. let's start there. i would love to watch the negotiations in realtime. does mr. norquist have a dandy idea, l.z.? >> i don't think so. i really don't. i mean, how many people are watching c-span now? that's not the bash c-span. it's not as if this negotiation is going to last 45 minutes with 18 minutes of commercials. it's going to last for
FOX News
Dec 5, 2012 2:00pm PST
in washington. the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the president said republicans want to eliminate charitable deductions. we'll see if it's true to get the latest on the cliff negotiations. president and speaker boehner talked today by phone. syrian president bashar assad sent an envoy to several latin american nation to scout location for asylum. special senators from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in new york city last month? it turns out he is not hom homeless. jeffrey and the nypd officer became internet sensations after a photographer snap
CNN
Dec 6, 2012 11:00am PST
for me on the phone, senior congressional correspondent. >>> president obama taking the pr on the road to visit with a middle class family in northern virginia this afternoon and push to preserve the middle class tax cut if the president and congress can't reach a deal you know the story. tax rates for the middle class and everyone else will go up the first of next year. meanwhile, senate minority leader mitch mcconnell prevented a simple majority vote to give the president unilateral power to raise the u.s. debt limit. senator mcconnell is demanding 60 senate votes for passage. president obama pushed for the power transfer in a most recent and main proposal last week on the fiscal cliff. >>> now no john mcafee. the millionaire software guru wanted in questioning in the neighbor's murder in belize. maybe you heard mcafee. got arrested in guatemala overnight. shouldn't come as much of a surprise here. the whole time supposedly on the run, he was handing out tv interviews like candy. but listen to this. now the mcafee is in jail, he is blogging from behind bars. the story just keeps gett
CNN
Dec 3, 2012 2:00am PST
over that so-called fiscal cliff. tax hikes and spending cuts kick in if no agreement is reached between the house and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham sai
CNN
Dec 3, 2012 4:00am PST
specifically willing to cut? >> i think that speaker boehner went a long way by saying we are going to put revenues on the table. and, soledad, the obama administration very cleverly has made this a debate about tax increases. i wish that the explainer in chief who explains very well, i wish he would explain to the american people what's going to happen to medicare if we don't act. that needs to be explained. this is not just about, you know, sticking it to people who make over $250,000 a year. >> okay. let's talk about that, then. >> he has the opportunity to do that. >> let's take taxes which is an issue, let's take that off the table for a moment. then what would republicans propose as cuts to entitlements? what's on the table? medicare's a good one. >> you know, one thing that needs to -- that we all need to understand, $700 billion was taken out of medicare to begin obama care. so right there, you know, from a management standpoint, why would you reduce money from something that's going broke? the other thing that we need to understand is that tax rates are going up on january 1 withi
FOX News
Dec 2, 2012 3:00am PST
a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification to raise taxes and in this case, they use the reagan years and often wen
ABC
Dec 3, 2012 7:00am PST
, president obama released a campaign-style video pushing his plan on now avoid the tax increase on the middle class. john boehner said the white house isn't listening to republicans who demanding cuts. >>> an entire town in louisiana has been evacuated and police have launched a criminal investigation after finding 6 million pounds of explosives stored improperly at the munitions factory you that see here. authorities are now carefully working to move the explosive powder into safe bunkers. >>> public school students in five states will soon be spending more time in class. a lot more. a pilot program is being announced today in the states highlighted on your screens. 20,000 students in those collse schools will spend an extra 3 0 3050 -- 300 hours in class every term, in hopes of making them more competitive with the foreign students. >>> and new concerns this morning about the new "hobbit" film due out this month. in fact, people with the early screening said the film made them stick, literally, the high-speed 3d film actually made them feel queasy as if riding a roller coaster. here's dian
FOX News
Dec 3, 2012 8:00am PST
has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held next week. that never helped happened and the clock ticks on. jenna: we have that clock right on our screen. just in case you forgot. jon: get ready for the baby. just into fox news
CNN
Dec 3, 2012 1:00pm PST
counteroffer to president obama's initial proposal to keep the country from going over the so-called fiscal cliff. and the president just rejected the republican proposal outright. so where does that leave us right now? tax hikes, spending cuts will automatically take effect january 1st unless the two sides can reach an agreement on debt reduction before then. our chief national correspondent john king is joining us right now. seems like they're posturing big-time. but the clock is ticking. >> you had the president's plan, now a house republican plan. at least you have two pieces of paper on the table. the republicans don't budge on the president's top priority, that trophy. he wants higher tax rates on wealthy americans. the republicans try to put some pressure on the democrats by laying out $600 billion in health savings, medicare and the like, adjust that cost of living increase for social security and other federal programs. the president's proposal puts pressure on republicans on rates. the republican proposal puts pressure on the president on entitlements and that cost of living adjus
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